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International trade and natural disasters
International trade is the exchange of goods and services across borders, and natural disasters can have a significant impact on international trade. Natural disasters such as hurricanes, earthquakes, and tsunamis can disrupt transportation and communication infrastructure, destroy crops and other forms of production, and cause significant economic damage.
The effects of natural disasters on international trade can be seen in various ways. First, natural disasters can disrupt transportation infrastructure, making it difficult for goods to be shipped from one location to another. This can lead to delays in delivery, increased transportation costs, and even temporary interruptions in trade. For example, the 2011 earthquake and tsunami in Japan disrupted transportation infrastructure, leading to delays and disruptions in international trade.
Second, natural disasters can also impact production and supply chains. For example, if a natural disaster destroys crops or manufacturing facilities, this can disrupt the supply chain and lead to shortages of goods. This can also lead to price increases for goods that are in short supply, which can impact consumers and businesses alike. The 2021 winter storm in Texas disrupted the production of oil and gas, leading to a shortage of supply, and price spikes.
Third, natural disasters can also impact trade policies and regulations. Governments may impose trade restrictions, tariffs, or other barriers in response to natural disasters to protect their own economies. For example, after the 2011 Fukushima nuclear disaster in Japan, several countries imposed restrictions on Japanese food imports, even though there was no evidence that the food was contaminated.
Finally, natural disasters can also impact international cooperation and aid. In the aftermath of a natural disaster, countries may provide aid to affected countries to help them recover. This aid can include financial assistance, goods, and services. However, aid can also come with conditions, and it can be used as a political tool. For example, China has provided aid to countries affected by natural disasters in exchange for diplomatic recognition.
In conclusion, natural disasters can have a significant impact on international trade, disrupting transportation and communication infrastructure, damaging production and supply chains, and leading to trade policy changes and shifts in international cooperation. While natural disasters are unpredictable and uncontrollable, governments and businesses can prepare for them by developing risk management plans, investing in resilient infrastructure, and maintaining open channels of communication with trade partners.
International trade and natural disasters
RUBRIC
Excellent Quality 95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support 91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology 58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%
37-1 points The background and/or significance are missing. No search history information is provided.
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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